Online Auctions: How They Can Bolster Sourcing Strategy for Both Public and Private Sector Contracts

Aug. 2, 2010 - PRLog -- Norwich, UK  – Supply Chain Digital, a top media source for global supply chain news and information, reports on e-procurement and its use in the supply chain.

The August issue of Supply Chain Digital reports on the growing use of online auctions as part of procurement strategy [http://www.supplychaindigital.com/industry-focus/procurement/how-online-auctions-can-bolster-your-sourcing-strategy]. E-auctions are increasing tenfold every year, says the Chartered Institute for Purchasing and Supply.

Public sector organizations are frequent users of online auctions but private sector companies are fast catching onto this effective procurement solution.

NHS Supply Chain in the UK has benefited greatly from e-auctions and conducted 54 in 2009.

40 organizations across local government, health and central government revealed savings of £10.5 million IT hardware through online auctions.

Read about the buyer opportunities for councils and other organizations in the August issue of Supply Chain Digital [http://www.supplychaindigital.com/magazines/3027].

# # #

Supply Chain Digital is a leading digital media source of news and content for C-level executives in the supply chain industry worldwide. Supply Chain Digital is the industry-dedicated arm of the White Digital Media Group. Founded in 2007 by entrepreneur Glen White, White Digital Media retains a diversified portfolio of websites, magazines, daily news feeds and weekly e-newsletters that leverage technology to innovatively deliver high-quality content, analytical data, and industry news.

Supply Chain Digital and White Digital Media are headquartered in San Diego, California, with additional offices in Boston, Toronto, Mumbai, and Norwich, England. For more information, contact 760-827-7800 or visit www.SupplyChainDigital.com.